Cool project guys. We've been working since June with hybrid assets towards a similar initiative
here (+
forumthread). We'll be publishing our whitepaper soon, perhaps you can use some of our ideas as inspiration for further development as we're aiming for a fully open-source client anyway. All in the spirit of working towards satisfying cross-blockchain solution(s) for the cryptosphere

Please send me an email, you can find my email address on atomicdac.org on the contact page I'd love to see what approach you guys are taking, looking forward to the documentation